GCL Global Holdings Ltd. (NASDAQ:GCL) Sees Significant Growth in Short Interest

GCL Global Holdings Ltd. (NASDAQ:GCL) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 51,296 shares, an increase of 22.3% from the December 15th total of 41,926 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 41,749 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 41,749 shares, the short-interest ratio is presently 1.2 days. Approximately 0.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of GCL Global in a research report on Wednesday, October 8th. Wall Street Zen downgraded GCL Global from a “hold” rating to a “strong sell” rating in a research note on Saturday, December 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, GCL Global has a consensus rating of “Sell”.

Hedge Funds Weigh In On GCL Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC raised its holdings in GCL Global by 54.4% during the 3rd quarter. Citadel Advisors LLC now owns 55,939 shares of the company’s stock valued at $139,000 after buying an additional 19,699 shares during the period. Two Sigma Investments LP bought a new position in GCL Global during the third quarter valued at $42,000. Finally, Geode Capital Management LLC bought a new position in GCL Global during the second quarter valued at $54,000. Hedge funds and other institutional investors own 36.55% of the company’s stock.

GCL Global Price Performance

Shares of NASDAQ:GCL remained flat at $1.04 during trading on Tuesday. 22,447 shares of the company were exchanged, compared to its average volume of 40,810. The stock has a market cap of $126.83 million, a PE ratio of -52.00 and a beta of 0.33. GCL Global has a 1 year low of $1.01 and a 1 year high of $9.89. The company’s 50 day moving average price is $1.22 and its 200 day moving average price is $2.33.

GCL Global Company Profile

GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.

In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.